Show NEW EN RUliNG MADE ON AUTOMOBilE TAX TAB New cars and trucks which dealers badon had bad hadon hadon on their floors October 4 and have been holding for retail sale are not taxable I If It the dealer does only a retail business or where a dealer doing both wholesale aid abd retail business business' maintains his wholesale wholesale wholesale whole whole- sale department entirely separate Although Although Although Al Al- though tho the treasury department has previously previously pre pre- made a preliminary ruling that all cars and tru trucks ks held for sale on and after aeter October 4 should be taxable at 1 per cent nt regardless of ot whether they were to be sold at wholesale o or retail a subsequent ruling has changed this situa situa- tion Following are the latest rulings made by the treasury department Any First Any dealer or distributor who completes a vehicle and offers otters it for Cor sale Is subject to the 3 S per cent ta tax tae This applies to a dealer adding a new body I lo to 0 a chassis or any person converting a touring car into truth truck by adding an a at a.- a. Second Second Trucks Trucks and cars gold cold to the government will not be tax exempt Manufacturers Manufacturers Man Man- I to get the tax lax must add it to the price of ot goods before selling to the government Third A Third A dealer who is both a wholesaler wholesaler wholesaler whole whole- I saler and retailer and handles two different differ differ- different ent makes of cars under two separate contracts with one contract providing for retailing only Is exempt from the floor tax on cars under the retail contract contract con con- tract but he pays the tax on all cars on his floor under the contract where he Is Isa Isa Isa a wholesaler and retailer without sep sep- arato contracts Fourth Those Fourth Those car manufacturers selling selling selling sell sell- ing through branches and whose branches are a part of the parent company and not separate corporations must pay thet thAl the thA 3 t l per cent tax on the sale price received w whether wholesale price or list price |